Nisa Investment Advisors LLC Sells 21,300 Shares of Kohl's Co. (NYSE:KSS)

Nisa Investment Advisors LLC trimmed its position in Kohl's Co. (NYSE:KSS - Free Report) by 58.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the company's stock after selling 21,300 shares during the period. Nisa Investment Advisors LLC's holdings in Kohl's were worth $211,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its holdings in shares of Kohl's by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after purchasing an additional 917 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Kohl's by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Kohl's in the third quarter valued at approximately $60,000. Abich Financial Wealth Management LLC raised its holdings in shares of Kohl's by 70.5% in the third quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company's stock valued at $77,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Kohl's by 1,756.0% in the third quarter. Blue Trust Inc. now owns 3,842 shares of the company's stock valued at $88,000 after purchasing an additional 3,635 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kohl's

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Kohl's Stock Performance

Shares of NYSE:KSS traded up $0.26 on Thursday, hitting $13.46. The company had a trading volume of 5,721,488 shares, compared to its average volume of 6,922,582. Kohl's Co. has a 1-year low of $12.62 and a 1-year high of $29.60. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 6.06 and a beta of 1.87. The stock has a 50 day moving average price of $14.30 and a 200 day moving average price of $17.75. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Kohl's's revenue for the quarter was down 8.5% on a year-over-year basis. Analysts expect that Kohl's Co. will post 1.31 EPS for the current year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were paid a $0.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 14.86%. Kohl's's dividend payout ratio (DPR) is presently 90.09%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KSS shares. Morgan Stanley lowered their price objective on shares of Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday, November 25th. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Gordon Haskett cut shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price for the company. in a research note on Tuesday, November 26th. Telsey Advisory Group decreased their target price on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, November 27th. Finally, Baird R W cut shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.22.

Kohl's Profile

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.